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2024-12-31-accounts

Black, Asian, Minority Ethnic Educators (BAMEed) Network Annual Report for the year ended 31[st] December 2024

Black, Asian, Minority Ethnic Educators (BAMEED) Network

Charity Incorporated Organisation (C.I.O)

Financial Statements

For the period ended 31 December 2024

Registered Charity No: 1192628

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Black, Asian, Minority Ethnic Educators (BAMEed) Network Annual Report for the year ended 31[st] December 2024

EDUCATORS ETHNIC EDUCAT

Principal address: 82A James Carter Road, Mildenhall, IP28 7HP

Trustees/ Committee Members:

Allana Gay Amjad Ali Dr Lizana Oberholzer Frances Akinde Lilian Martin Domini Leong

Governing document

The organisation is operated under the rules of its constitution.

Bank:

Lloyds Bank plc.

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Black, Asian, Minority Ethnic Educators (BAMEed) Network Annual Report for the year ended 31[st] December 2024

CONTENTS

Pages

3 - 6. Trustees Report

7. Independent Examiners Report

8. Statement of Financial Activities

9. Balance Sheet

10. Notes to the Accounts

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Black, Asian, Minority Ethnic Educators (BAMEed) Network Annual Report for the year ended 31[st] December 2024

Trustees Report

The trustees are pleased to present their financial report for the period ended 31[st] December 2024, the fourth accounting period of the Charitable Incorporated Organisation. The Trustees have adopted the provisions of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK

The financial statements have been prepared in compliance with the Charities Act 2011.

Structure, Governance and management

Black, Asian, Minority Ethnic Educators (BAMEED) is a charitable Incorporated Organisation (CIO), registered with the Charity Commission and governed by its constitution, dated 03[rd] December 2020.

If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

The affairs of the charity are managed on a day-to-day basis by the trustees, who may exercise all the powers of the CIO.

The trustees which served during the accounting year are shown on page 2 of this report.

Appointment of Trustees

In accordance with the terms of the constitution, there must be at least three charity trustees. If the number falls below the minimum, the remaining trustees can act only to call a meeting of the trustees or appoint a new trustee.

The charity trustees may not appoint any charity trustee if as a result the number of charity trustees would exceed the maximum. Each new trustee is given a copy of the constitution and the latest trustees’ annual report and accounts, on or before appointment.

Our Objectives

The objectives as set out in the Charity’s Objects are enhanced by the activities carried out in the Network. BAMEed Network’s aim is to ensure our diverse communities are represented as a substantive part of the education workforce for teachers and leaders in education. They seek to address the inequities in the recruitment and retention of Black, Asian and minority ethnic colleagues into the teaching profession and the lack of support to ensure colleagues progress to senior posts in those careers.

The objectives of the network are further explained on the website and written within the Constitution which include;

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Black, Asian, Minority Ethnic Educators (BAMEed) Network Annual Report for the year ended 31[st] December 2024

Our key objectives for the year included:

Review of Activities and Achievements

During the year, the network built its presence within the education sector. It provided support in areas such as

During the year:

Strategy and Policies

The Trustees as Charity Trustees have control of the Charity and its funds. They operate as stewards of the Network, overseeing the development of hubs, setting budgets and supporting pupils and staff. Pathways to transition new trustees into stewardship of the network are currently under development.

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Black, Asian, Minority Ethnic Educators (BAMEed) Network Annual Report for the year ended 31[st] December 2024

As a charity, all the income of BAMEed Network is applied for educational purposes. The Trustees regularly review the finances, budgets and expenses as part of the stewardship of the Network They ensure that there is a legitimate means of tracking donations and spend.

Public benefit

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’ and in particular its supplementary public benefit guidance on advancing education and fee charging.

Policy

It is the trustees’ aim to provide the highest standards of support for those racialised as Black, Asian or Minority ethnic to enter, remain and gain promotion within education related careers.

Future Developments

In the upcoming financial year, the BAMEed network will be working towards:

Financial Activities

The network’s financial position continues to be satisfactory. The trustees used donations through the financial years to ensure that all expenses are covered. Low level charges for events ensures that refreshment and other costs are covered. Any savings on costs are placed into unrestricted finance as reserve to sustain future provision by the network. There is currently no investment undertaken by the network as they aim to use all funding for developmental purposes.

Risk management

The trustees continue to keep the Network’s activities under review, particularly in regard to any risk that may arise from time to time. They monitor the effectiveness with regular oversights over finance and quality of activities. The Trustees have also examined other operational and social risks faced by the Charity.

The risks identified in the period was:

Increased provision of strong leadership to manage all areas of the growing network without compromising the quality of the brand.

Reserves Policy

Originally the charity aimed to spend and maintain its margins only for its work, so there are low levels of identified reserves in this financial year. There is agreement for reserves to be built from unrestricted funds that would allow the charity’s work to continue in times where donations and grants are limited. This is an aim for the next financial year.

Trustees

The Board looks to appoint Trustees with a diversity of skills to create a balanced group. There has been a resignation during the year. There have been 2 appointments during the year.

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Black, Asian, Minority Ethnic Educators (BAMEed) Network Annual Report for the year ended 31[st] December 2024

Our volunteers

BAMEed is very involved in the community and relies on voluntary help. Around 20 volunteers assisted with our on-going activities. We wish to thank our volunteers for their loyal support and contribution.

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.)

Charity Commission requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with charity guidance and standard. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

The Trustees are responsible for the maintenance and integrity of the financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Signed on behalf of all trustees,

Ms Allana Gay (Trustee) Date: 29/10/2025

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Black, Asian, Minority Ethnic Educators (BAMEed) Network Annual Report for the year ended 31[st] December 2024

BLACK, ASIAN, MINORITY ETHNIC EDUCATORS (BAMEED)

INCOME AND EXPENDITURE FOR THE PERIOD ENDING 31ST DECEMBER 2024 FOR THE PERIOD ENDING 31ST DECEMBER 2024 FOR THE PERIOD ENDING 31ST DECEMBER 2024 FOR THE PERIOD ENDING 31ST DECEMBER 2024 FOR THE PERIOD ENDING 31ST DECEMBER 2024 FOR THE PERIOD ENDING 31ST DECEMBER 2024
INCOMING RESOURCES
Donation & Other Contributions
Other income
Grant to provide charitable activities
National Lottery ( Wales)
WJEC Grant
Qualifications Wales
Welsh Government
TOTAL INCOMING RESOURCES
RESOUCES EXPENDED
Charitable Expenditure
Product and Freelance contractors
Advertising and Promotion
Finance Charges
Activities and Event Expenses
Insurance
Professional fees
Licenses and subscriptions
Activity materials and resources
Admin and office expenses
TOTAL RESOUCES EXPENDED
Net Incoming/Outgoing resources
FUNDS BROUGHT FORWARD
FUNDS CARRIED FORWARD
Unrestricted
Funds
£
2385
1657
-
4,042
-
2657
15
164
38
1149
4023
19
Restricte
d
Funds
£
-
19,960
1050
1050
2131.50
24,191.50
9884.51
-
-
17,733
-
-
-
-
-
27,617.51
(3,426)
Funds
2023
£
5592
3100
8692
2988
466
60
561
164
840
148
345
573
6,145
2547
10131
12,678

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Black, Asian, Minority Ethnic Educators (BAMEed) Network Annual Report for the year ended 31[st] December 2024

There were no recognised gains or losses for the above period other than those shown in the statement of financial activities for the above financial year. All incoming resources and resources expended are derived from continuing activities.

(The notes form part of these financial statements)

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